Extending previous session losses, shares of the company declined as much as 1.37 per cent to hit 52-week low of Rs 861.50 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 871.55 against previous close price of Rs 873.50. Paring early losses, shares of the company were trading 0.22% higher at Rs 875.30 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,359.04, up 100.19 points, or 0.32%, at 12:05 hours.

Monday, 21 August 2017

The Indian rupee gained in the early trade on Monday. It has opened higher by 7 paise at 64.07 per dollar versus 64.14 Friday.

Pramit Brahmbhatt of Veracity said, "The ongoing correction in domestic equity market and FII outflows will force the rupee southwards. We expect the USD-INR pair to trade in a range of 64-64.50 for the day.

The dollar index, which measures the US currency against a basket of currencies is lower - amid political uncertainty and growing doubts over the prospects for another rate hike by the Federal Reserve this year. However, against the yen, the dollar edged up versus level seen last Friday.

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Thursday, 17 August 2017

The Reserve Bank still has room to cut the key policy rate in the current fiscal, veteran banker Naina Lal Kidwai has said, while stressing that banks should pass on the benefits of lower rates to customers, reported PTI. RBI reduced the repo rate by 0.25 per cent to 6 per cent earlier this month, citing reduction in inflation risk. The rate cut was the first in 10 months and brought policy rates to near 7-year low."There is clearly room for further rate cuts. But the rate cut from RBI is not good enough. The rate cut has to happen from the way banks engage with industry, and that is a function on how efficient the banks are, what are their NPAs, their losses," Kidwai told PTI on the sidelines of a conference here. She further said the resolution of non-performing assets (NPAs) or bad loans, going forward, will be a "big positive".

Friday, 4 August 2017

Key Indian equity market indices opened in the red on Friday following mixed global cues.

The 30-scrip Sensitive Index (Sensex) was trading 26.69 points or 0.08 per cent lower during the early session.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 9.45 points or 0.09 per cent lower at 10,004.20 points.

The BSE Sensex, which opened at 32,191.12 points, was trading at 32,211.19 points (at 9.16 a.m.) in the early session, lower 26.69 points or 0.08 per cent from Thursday's close at 32,237.88 points.The Sensex touched a high of 32,241.71 points and a low of 32,170.19 points in the trade so far.

Thursday, 3 August 2017

The Reserve Bank of India today fixed the reference rate of the rupee at 63.6314 against the U.S. dollar and 75.3905 for the euro. The corresponding rates were 64.0690 and 75.7488, on August 02. According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 84.1589 and 57.53 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.